Looks like bottom is finally in for Rite Aid.
Bullish Divergence on last low.
TA aside, Rite Aid is still a big player in health care that was beaten down after multiple failed buyouts.
The stock is undervalued.
Careful of the Reverse stock split the board has approved. No official date of execution yet, but I believe we see growth regardless.
The stock being...
The touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance.
Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50.
Long-term: Look for a break above $1 after we coil down a bit more.
RAD seems to have a good momentum play with SL 0.61 and Tgt of 0.80 even possibly can hit a dollar before earnings. Very Cheap at current valuation. but wont recommend to get in for longterm due lack of management.
I'm looking at RAD's RSI sitting at the lowest its been in 10 years(since 2009), where it appears to finally be heading northbound after a 5yr southbound trend(since late 2013).
RAD has been in rough waters for 20 years after finding an ATH of ~$50 in 1999 and sinking to its most recent ATL of ~$.065. That's a 98% decline in value! Btw, if I had to guess, that...
New 52w lows could be a great time to buy in for some gain over the days/weeks. The short percent has dropped dramatically signalling for a reversal on the horizon. Keep an eye on MA crossings with heavier buying volume.
The short sale volume percent (not short interest) for stock ticker RAD is 19% on Dec 14, 2018. The short sale...
These are my favorite setups to get long on - cheap stock, huge DWedge paired with bull div on the 1D RSI. Yesterday we saw an inside day and for me that was the signal to go long - convincing break below the wedge and i'll look to exit my positions.